Jennison Associates LLC cut its position in shares of Cooper Companies, Inc. (The) (NYSE:COO) by 20.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,957 shares of the medical device company’s stock after selling 80,742 shares during the period. Jennison Associates LLC owned 0.66% of Cooper Companies, Inc. (The) worth $77,083,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BB&T Securities LLC raised its stake in Cooper Companies, Inc. (The) by 20.6% in the second quarter. BB&T Securities LLC now owns 30,695 shares of the medical device company’s stock worth $7,348,000 after buying an additional 5,235 shares during the period. Blair William & Co. IL raised its stake in Cooper Companies, Inc. (The) by 79.9% in the second quarter. Blair William & Co. IL now owns 62,663 shares of the medical device company’s stock worth $15,003,000 after buying an additional 27,840 shares during the period. KBC Group NV raised its stake in Cooper Companies, Inc. (The) by 10.3% in the second quarter. KBC Group NV now owns 4,448 shares of the medical device company’s stock worth $1,065,000 after buying an additional 414 shares during the period. WCM Investment Management CA raised its stake in Cooper Companies, Inc. (The) by 21.3% in the second quarter. WCM Investment Management CA now owns 317,122 shares of the medical device company’s stock worth $75,925,000 after buying an additional 55,677 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Cooper Companies, Inc. (The) by 357.0% in the second quarter. BNP Paribas Arbitrage SA now owns 163,698 shares of the medical device company’s stock worth $39,193,000 after buying an additional 127,877 shares during the period. Institutional investors and hedge funds own 98.06% of the company’s stock.
Cooper Companies, Inc. (COO) opened at 247.70 on Tuesday. The stock has a 50 day moving average price of $245.52 and a 200 day moving average price of $218.04. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 37.14 and a beta of 0.61. Cooper Companies, Inc. has a 12 month low of $158.73 and a 12 month high of $256.39.
Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings data on Thursday, June 1st. The medical device company reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.25 by $0.25. Cooper Companies, Inc. (The) had a return on equity of 15.88% and a net margin of 16.02%. The business had revenue of $522.40 million for the quarter, compared to the consensus estimate of $520.71 million. During the same period in the prior year, the business earned $2.05 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts expect that Cooper Companies, Inc. will post $9.63 earnings per share for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 21st were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a dividend yield of 0.02%. Cooper Companies, Inc. (The)’s dividend payout ratio is currently 0.90%.
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COO has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Group LLC set a $250.00 price objective on Cooper Companies, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, August 17th. BidaskClub lowered Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. KeyCorp restated a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a research note on Friday, July 21st. Finally, Piper Jaffray Companies raised their price objective on Cooper Companies, Inc. (The) to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 19th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $242.00.
In related news, EVP Carol R. Kaufman sold 5,408 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $240.86, for a total transaction of $1,302,570.88. Following the transaction, the executive vice president now directly owns 49,327 shares in the company, valued at $11,880,901.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley Md Zinberg sold 816 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $243.14, for a total value of $198,402.24. The disclosure for this sale can be found here. Insiders sold 67,331 shares of company stock worth $16,400,454 over the last 90 days. Company insiders own 1.60% of the company’s stock.
About Cooper Companies, Inc. (The)
The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.
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